New York S06594 amends tax law to adjust the investment of funds from video lottery gaming for certain horse races, focusing on purse enhancements.
New York S06594 amends the tax law to adjust the investment of funds wagered on video lottery gaming for certain horse races. It mandates that a portion of the vendor fees from video lottery gaming facilities be dedicated to enhancing purses at Aqueduct racetrack, Belmont Park racetrack, and Saratoga race course. Additionally, it allocates funds for economic development, job creation, and workforce protections in counties hosting these facilities. The bill also specifies that any excess funds from video lottery gaming at Aqueduct racetrack should be returned to the commission.
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